NEW YORK ( TheStreet) -- India's Tata Motors ( TTM) has released impressive January sales results, and the market is rewarding the maker of the Nano "people's car" in kind.

Tata ADRs have closed trading Monday up 7% to $15.65.

Other auto stocks closed mixed Monday. They include Ford ( F - Get Report), which finished up 2.6% at $11.12; Toyota ( TM - Get Report), which closed up 3.8% at $79.94; and Honda ( HMC - Get Report), which finished down 0.4% at $33.78.

Tata Motors said today that its total sales, including exports of Tata commercial and passenger vehicles in January 2010 were 65,478 vehicles, a growth of 77% over the 36,931 vehicles sold in January 2009.

Meanwhile, Tata's domestic sales of Tata commercial and passenger vehicles for January 2010 comprised 62,202 units, a 74% growth over the 35,704 sold in January of last year.

Tata said that Jaguar Land Rover sales continued their upward trend since their launch in June with their highest sales in January. In March 2008, Ford ( F - Get Report) announced that it had entered into a definitive agreement to sell its Jaguar Land Rover operations to Tata. The total amount to be paid in cash by Tata for Jaguar Land Rover upon closing would be about $2.3 billion.

Analysts say that India's auto sector has been performing well with the help of several, factors including favorable interest rates on auto loans and easier accessibility to these loans.

-- Reported by Andrea Tse in New York

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